Series 2015A Certificates Clause Samples
The 'Series 2015A Certificates' clause defines and identifies a specific set of financial instruments issued in 2015, typically representing a particular tranche or series within a larger financing arrangement. This clause clarifies the characteristics, rights, and obligations associated with these certificates, such as their maturity date, interest rate, and payment structure. By precisely delineating which certificates are covered, the clause ensures clarity in contractual references and helps prevent confusion regarding the parties' rights and responsibilities related to this specific series.
Series 2015A Certificates. The principal portion of Basic Lease Payments due on or before June 15, , shall not be subject to prepayment at the option of the School Board.
Series 2015A Certificates. The principal portion of Basic Lease Payments due under the Series 2007A-2 Lease represented by the Series 2015A Certificates shall be subject to prepayment in the event the Series 2007A-2 Lease terminates prior to payment in full of all of the Basic Lease Payments, to the extent the Trustee has moneys available for such purpose pursuant to the Trust Agreement, to the extent and subject to the limitations provided in the Master Lease.
Series 2015A Certificates. The extraordinary prepayment provisions set forth in Section 7.2(b) and Section 5.4(b) of the Master Lease shall not apply to Basic Lease Payments represented by the Series 2015A Certificates. Notwithstanding anything in the Series 2007A-1 Lease to the contrary, in lieu of the extraordinary prepayment provisions of Section 5.4(b) of the Master Lease, the amount that would be allocable to the Series 2015A Certificates had they been subject to the extraordinary prepayment provisions of Section 5.4(b) of the Master Lease, shall be used instead in accordance with the following: Such Net Proceeds shall either (1) be applied to pay the Costs of other Facilities, in which case such other Facilities shall become subject to the provisions of this Series 2007A-1 Lease as fully as if they were the originally leased Series 2007A-1 Facilities or (2) at the direction of the School Board, upon delivery to the Trustee of a Favorable Opinion, such Net Proceeds shall be deposited in the Series 2007A- 1 Lease Payment Account to be credited against Basic Lease Payments next coming due in accordance with Section 3.2(c) of the Master Lease.
Series 2015A Certificates. The principal portion of Basic Lease Payments due on or before June 15,